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re: How many baws own their own business?
Posted on 4/18/19 at 9:58 pm to Duffnshank
Posted on 4/18/19 at 9:58 pm to Duffnshank
quote:
mean 10 employees or more. Anyone ever get sick of it and wish they never ventured out? Or maybe it wasnt looking great and things turned in the right direction and it worked out. I’d like to hear some stories of both
In. Im the only employee.
2
Posted on 4/18/19 at 10:12 pm to Double Oh
Me. I keep 9-10 employees. I have months that go by with no issues then months like this when it seems like every week there is an employee issue and I’m trying to hire a replacement. I wouldn’t trade it to go back to my old desk job but it was nice having zero stress when you got off at 4:30 every day and not getting calls all hours of the night and on the weekends. It’s a decision I made and happy I did and I’m able to provide more for my family know thann I ever did working for a company.
Posted on 4/18/19 at 10:26 pm to Duffnshank
50+ employees.
Its fun. You work anytime, take vacation when you want but work during it.
Cant micro manage
Must pay well to keep your good people
Its fun. You work anytime, take vacation when you want but work during it.
Cant micro manage
Must pay well to keep your good people
Posted on 4/18/19 at 10:50 pm to Duffnshank
As a commercial insurance broker, there’s a good chance I’ve talked to some of you baws. If I haven’t, I need y’all to give me the company names! I’ll be in touch. 
Posted on 4/18/19 at 10:56 pm to Duffnshank
As a telecom professional with 35 years experience I can and will save you baws money on your voice, Internet and wide area networking services. If you are paying too much, (and you probably are), just tired of dealing with your current provider or just want to take a look at your overall deal look me up.
Posted on 4/18/19 at 11:34 pm to Duffnshank
I have never had more than 25 employees. Most of the year it's around 12. Sometimes I wish I worked at Walmart and lived in a studio apartment getting stoned all day. The little, simple things in life are what I miss the most. I cut back on employees because I don't like laying people off work. I work my arse off right along with everyone else when it's busy, but everyone has a job and gets paid when it's slow. I think that's my happy medium, about 12.
This post was edited on 4/18/19 at 11:50 pm
Posted on 4/19/19 at 7:12 am to Duffnshank
I'm a third generation owner with 55-60 employees. I love it and I hate it. I'm the first one here. I'm the last one to leave. I'm on the clock 24/7 even when I'm on vacation. At the same time I have the freedom to make my schedule a little more flexible - hell, I'm posting on TD right now.
Being a third generation owner in a family business has it's own unique problems, especially when the second generation is still around somewhat. I'm the boss of 50-60 year old men who taught me everything I know about this industry. I'm also the boss of several older family members. I have to work harder than anyone else to disprove the nepotism stereotypes wrong.
Some days I look around and wonder wtf I'm doing. Other days I look around and love what I do. You have good days and bad days and that's life. I get excited when I think about the future of this place, and it's hard not to get sucked back in to the day to day issues of today.
All that to say I'm glad I'm the boss.
Being a third generation owner in a family business has it's own unique problems, especially when the second generation is still around somewhat. I'm the boss of 50-60 year old men who taught me everything I know about this industry. I'm also the boss of several older family members. I have to work harder than anyone else to disprove the nepotism stereotypes wrong.
Some days I look around and wonder wtf I'm doing. Other days I look around and love what I do. You have good days and bad days and that's life. I get excited when I think about the future of this place, and it's hard not to get sucked back in to the day to day issues of today.
All that to say I'm glad I'm the boss.
Posted on 4/19/19 at 7:17 am to Duffnshank
I only have 6 and some days I feel like I’d rather be riding on the back of a garbage truck.
Most of the days I love it though.
Most of the days I love it though.
Posted on 4/19/19 at 7:19 am to Duffnshank
quote:
I mean 10 employees or more. Anyone ever get sick of it and wish they never ventured out? Or maybe it wasnt looking great and things turned in the right direction and it worked out. I’d like to hear some stories of both
I have never owned my own business but managed 30+ engineers, techs, and designers. Mostly engineers. It was miserable and great all at the same time but I eventually got tired of trying to get adult professionals to actually do their job, and I had a pretty good group of people (one or two can really sour you). I think it would be worse as an owner. You wouldn't have to deal with higher management who occasionally have irrational demands, but clients can be just as bad if it's a service industry.
Also, hate the idea of firing someone, I get connected to people and it gets difficult, at times, to seperate what needs to be done and what you want to do. Expect it to be a lot of work, loose ends, and inopportune/after hours phone calls.
Flip side, from just the management side, the wins are sweeter. I suspect that is also multiplied as an owner.
My advice is to honestly assess yourself. In particular, determine just how risk averse you are, that will dictate some of what you will be willing to do as a business owner or if you should even venture out. Also, determine your ability to emotionally separate yourself from situations that require rational decision making, that will likely make or break you long term.
Good luck whatever you choose.
Posted on 4/19/19 at 7:45 am to Duffnshank
I have a job scratching my balls. It's very rewarding.
Posted on 4/19/19 at 10:03 am to BottomlandBrew
quote:
I'm a third generation owner with 55-60 employees. I love it and I hate it. I'm the first one here. I'm the last one to leave. I'm on the clock 24/7 even when I'm on vacation. At the same time I have the freedom to make my schedule a little more flexible - hell, I'm posting on TD right now.
I’m basically in same boat 30-40 employees depending on year, but I’ve come to grips with some of the older guys will always look down on me no matter how much I do. It was just one of the things I had to say the hell with it and do the best I can.
This post was edited on 4/19/19 at 10:06 am
Posted on 4/19/19 at 12:24 pm to Duffnshank
quote:
I mean 10 employees or more.
Why do you put a number on employees? More employees doesn't mean the owner or business makes more money. It does mean that the owner has more headaches to deal with regarding employees.
Posted on 4/19/19 at 1:25 pm to Double Oh
quote:
Im the only employee
This is me as well.. In the process now of venturing out on my own as an Independent Sales Rep in the Medical industry, repping various lines under my own LLC, after years as a W2 rep for other companies.. It’s kind of scary, but ultimately , as others in this thread have mentioned, i just got sick of having to answer to someone else every day.. For me, the idea of working for myself outweighs any fears or uncertainty i might have about striking out on my own.. but some people might be too uncomfortable making such a move, it’s all about what’s important to you.
Posted on 4/19/19 at 3:29 pm to Duffnshank
Good question, but why require 10 employees? There are now solopreneurs grossing $1M a year.
Posted on 4/19/19 at 3:56 pm to TigerScribe
I understand that, I just said 10 because it’s such a pain in the arse dealing with more than 3,4,5 employees. It’s not a hard fast number, just seems like business owners I know that have more than 8 or 10 employees it can turn into a major pain in the arse. I don’t doubt that people with 3-4 employees have a lot of the same issues but there is a point that seems to a serious pain in the arse. Like I said, I have 30-40, it may be a number of 5 I just picked 10 at random. I figured they would be offering 401, insurance, etc.
ETA: I would much rather be solo and gross a million a year with 15-20% margins than have 30-40 employees grossing maybe more but more headache etc. most of the time the money isn’t all its cracked up to be
ETA: I would much rather be solo and gross a million a year with 15-20% margins than have 30-40 employees grossing maybe more but more headache etc. most of the time the money isn’t all its cracked up to be
This post was edited on 4/19/19 at 3:58 pm
Posted on 4/19/19 at 4:06 pm to Duffnshank
Owned 4 hardware stores focus on lawn & garden along with outdoor power with 4 service centers grew 40 to 250. It is kind of like raising kids. Difference is you have 250 kids that depend on you making the right decisions. Sold out my shares in 2018. The business that bought my shares has the ability to raise more capital to bring it to the next level and the people in house to grow business online.
Disappointed? no.
Loved what I did? Yes
Sick of it? No, I miss it.
Did I make the right move selling out? Yes especially financially for myself.
Goal now to be a Wal-Mart greeter or buy a donut shop sitting at the counter with some old guys to shoot the bull with.
Disappointed? no.
Loved what I did? Yes
Sick of it? No, I miss it.
Did I make the right move selling out? Yes especially financially for myself.
Goal now to be a Wal-Mart greeter or buy a donut shop sitting at the counter with some old guys to shoot the bull with.
This post was edited on 4/19/19 at 4:10 pm
Posted on 4/19/19 at 4:17 pm to johnnyrocket
I have 4 employees
thankfully one is my wife and the other three are grown arse men who’ve been here 15 years. if I had to hire/fire/manage turnover I would be miserable
low overhead also means lower stress
thankfully one is my wife and the other three are grown arse men who’ve been here 15 years. if I had to hire/fire/manage turnover I would be miserable
low overhead also means lower stress
Posted on 4/19/19 at 4:41 pm to cgrand
This seems like heaven! Assuming working with the wife isn’t tough. Would be in my case, she asks too many questions
Posted on 4/19/19 at 4:49 pm to Duffnshank
I just left to start my own company Monday. It’s rather nerve racking
Posted on 4/20/19 at 3:38 pm to MsState of mind
quote:
I just left to start my own company Monday. It’s rather nerve racking
Leap of faith. Best of luck to you.
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